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The days of hating Russia are coming to an end.

Discontinue all contact with pundits who told you Russia would instigate a civil war in Ukraine, and we'd be having a NATO vs Russia grudge match, complete with the talk radio drama of why President Barack Obama is a weakling and Russian president Vladimir Putin wants to jump start the U.S.S.R. It's all garbage, and it's wrong. (But this is just an educated guess based on years of watching media experts fall flat on their faces.)

When Ukrainians go to the polls on May 25, most of the crisis between Moscow and Kiev will subside. Talks of sanctions will be a thing of the past. Ukraine will go about its business with the International Monetary Fund, and Russia will remain an influence of some sort in Ukraine's economy.

Commodities guru Jim Rogers is long Russia, according to ETF Daily News. Like Rotshchild, Rogers believes investors should buy when there's blood in the streets. There's literally been blood in the streets of Ukrainian cities like Donetsk, about a four hours drive from the Russian border. If investors bought Russia a month ago, when the experts were saying Russia was going to be sanctioned to smithereens, they'd be up 10%, while U.S. equities are up less than 1%.

Ukraine's next president? Billionaire Petro Poroshenko is expected to win the election on Sunday, and is seen as a man both Brussels and Moscow can work with. If the elections go off without a hitch, talks of further sanctions might be scrapped and Russian equities will add to the 10% gains registered in the last four weeks. (Photo credit: Wikipedia)

The outcome of this weekend's election might even prove to be okay for Russia.

In Sunday’s New York Times, David Herszenhorn reported that billionaire chocolate king Petro Poroshenko, the front-runner in the presidential elections, is not averse to Putin, and vice-versa. Poroshenko is a classic political pragmatist who served as foreign minister to pro-Western President Viktor Yuschenko, and then as economic minister to Yuschenko’s rival, pro-Russian President Viktor Yanukovych.

Even better, Poroshenko has business interests in Russia, including chocolate factories in the country.Poroshenko wants to make certain that Ukraine’s territorial integrity and sovereignty be maintained and that the pro-Russian separatists in the country’s eastern and southern regions be dealt with fiercely. But at the same time, he is attempting to strike some conciliatory notes toward Russia by insisting, for example, that a referendum on Ukraine joining NATO will not occur on his watch, a suggestion made by Henry Kissinger in the Washington Post back in February.

Ukraine’s entrance into NATO is the line in the sand for Putin. This would lead to more political unrest between the West and Moscow.

Additionally, Poroshenko is only willing to sign an economic deal with the E.U. and will sidestep any defense relationship with them. A defense component was part of the trade agreement Yanukovych rejected and was roundly criticized for by the public. He left office on Feb. 22. Ukraine's been in a downward spiral ever since.

The fact that Poroshenko’s over-arching campaign platform is jobs and the promise to raise Ukraine’s standard of living indicates that he could build a bridge between the West and Russia, and could hold most of Ukraine together from dissolving into civil war, which is most often catalyzed by dismal economic conditions.

So what would it mean to financial markets if this Sunday’s elections in Ukraine go somewhat smoothly, Poroshenko wins more than 50% of the vote to avoid a run-off, the unrest in eastern and southern Ukraine remain limited and contained, and Western and Russian policymakers show a desire to work with the new President?

"The likely scenario is gold would begin to fall toward $1200 as it unwinds the Ukraine premium it has added since December," says Vladimir Signorelli, global economist at Bretton Woods Research, an independent investment research firm in New Jersey.

"It’s possible that the S&P 500 would decline 2% to 5% if gold quickly declined to $1200. Safe-haven bonds such as Treasuries and bunds would perform well; and commodities would be weak across the board," he said.

However, if the election goes off without a hitch, and Moscow and the West are pleased with the outcome, investors will grow tired of the Russia-Ukraine fight and newcomers will join the smart money that's been in Russia for the past four weeks.